|Bid||88.10 x 0|
|Ask||79.12 x 0|
|Day's Range||82.65 - 84.06|
|52 Week Range||63.64 - 135.85|
|Beta (3Y Monthly)||0.65|
|PE Ratio (TTM)||26.91|
|Earnings Date||Oct 26, 2019 - Nov 5, 2019|
|Forward Dividend & Yield||2.20 (2.64%)|
|1y Target Est||116.63|
Australian vitamin maker Blackmores Ltd hired Alastair Symington from embattled cosmetics-maker Coty Inc as its chief executive on Tuesday, as the China-focused firm seeks to revive sales growth after a consumer downturn. Symington, 46, was also appointed as managing director and joins the company following a profit plunge last quarter, the abrupt departure of his predecessor and as the share price hovers close to a four-year low. "We go and have our annual strategy meetings once or twice a year, we come up with all sorts of good ideas and things and then our execution is a bit average," Interim CEO Marcus Blackmore told Reuters by phone.
Australian vitamin maker Blackmores Ltd on Tuesday reported a 14.3 percent fall in net profit for the first nine months, as the company continues to grapple with softening demand from its largest Asian market, China. Net profit attributable for the nine-months to March 31 fell to A$44.2 million ($31.69 million), compared with A$51.6 million in the same period a year ago. The Sydney-based company, which reaches consumers in 17 markets, said revenue for the period rose 6 percent to A$460.1 million.
Australian vitamin maker Blackmores Ltd said it would review its China business and issued a surprise profit warning, citing soft consumer demand on the mainland, sending its shares down the most since listing three decades ago. The sharp sales reversal for Blackmores, which raked in double-digit growth last year on exploding China demand, makes it Australia's first casualty of a slowdown in the world's No.2 economy that is also scalding businesses worldwide. Just last month, tech behemoth Apple issued a rare revenue warning citing weaker demand for its iPhones in China.
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it Read More...
Looking at Blackmores Limited’s (ASX:BKL) earnings update in June 2018, analyst forecasts seem fairly subdued, as a 18% rise in profits is expected in the upcoming year, relative to the Read More...